Property Overview & Key Characteristics

This 4-level split home at 3 Baldry Bay in Fort Richmond is a practical property that presents a clear value proposition. Built in 1972, it is notably newer than most other homes on its street. With 1,606 sqft of living space, it offers above-average roominess for both the neighbourhood and Winnipeg overall. The lot size of 6,600 sqft is comfortably above the city-wide average, providing good outdoor space. A key financial point is its assessed value, which is significantly below the street average, potentially indicating a different valuation approach or condition relative to neighbours. The home features a detached garage and an unrenovated basement, representing a classic layout with room for personalization.

Its appeal lies in its space-efficient design on a good-sized lot within a well-established area. It suits buyers looking for a solid, no-frills family home where they can put their own stamp on updates over time. It’s particularly fitting for value-conscious purchasers who prioritize living space and lot size over a modern, turn-key condition, and who see potential in a home that may be assessed below its immediate peers.

Frequently Asked Questions

1. Why is the assessed value so much lower than other homes on the street?
While the home is newer than most on the street, its assessed value ranks in the bottom 5% for Baldry Bay. This often reflects the home’s condition, specific features, or the assessed value of recent improvements relative to neighbours. It’s a key point to discuss with your realtor to understand the local market context.

2. What does “basement, not renovated” typically mean?
This usually indicates the lower level is functional and in original or utilitarian condition. It offers ample space for storage, a laundry area, and potential future development, but it will not have modern finishes or a legal secondary suite.

3. How does the 4-level split layout function day-to-day?
This design separates living zones across multiple half-levels, offering good privacy between bedrooms and living areas. It can be efficient for family life, though it involves more stairs than a bungalow or two-storey. The flow is worth experiencing in a viewing.

4. Is the lot size a pro or a con?
The lot is above average for Winnipeg but slightly smaller than others on the street. This means less yard maintenance than many larger lots in Fort Richmond, while still providing decent private outdoor space—a balanced compromise.

5. What is the significance of the home being newer than others on the block?
A 1972 build in an area with older homes can suggest potentially newer major systems (like plumbing or electrical) compared to neighbours, and possibly a different architectural style. It’s a relative advantage in terms of property age within the immediate location.